ArabFinance: Unirab Polvara Spinning and Weaving Company (Unirab) (APSW) incurred a net profit of EGP 6.885 million in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 31% when compared to EGP 10.116 million in H1 2020.

Unirab incurred a net loss of EGP 2.813 million, recording 55.06% in quarter one 2021, recording a 55% year-on-year decline.

Unirab is an Egypt-based company engaged in textile manufacturing and yarn weaving. It is specialized in trading and exporting cotton yarn, wool yarn, silk and linen fabrics, synthetic fibers, and other types of colored textiles and polyester sewing threads.